Cheniere Energy Partners (CQP) Coverage Initiated at Stifel Nicolaus

Research analysts at Stifel Nicolaus began coverage on shares of Cheniere Energy Partners (NYSEAMERICAN:CQP) in a research note issued on Thursday, The Fly reports. The firm set a “hold” rating on the energy company’s stock.

A number of other research firms also recently weighed in on CQP. BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Royal Bank of Canada lowered their price objective on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Zacks Investment Research downgraded shares of Cheniere Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, September 18th. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy Partners in a research report on Monday, September 25th. They set an “outperform” rating and a $32.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.14.

Cheniere Energy Partners (NYSEAMERICAN CQP) traded down $0.02 during midday trading on Thursday, hitting $29.82. 173,700 shares of the stock were exchanged, compared to its average volume of 158,200. Cheniere Energy Partners has a 52 week low of $26.41 and a 52 week high of $33.47. The firm has a market capitalization of $14,430.00, a P/E ratio of 51.41 and a beta of 0.97.

Cheniere Energy Partners (NYSEAMERICAN:CQP) last released its quarterly earnings results on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.56). Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%. The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $1.14 billion.

In related news, major shareholder Cqp Common Holdco L. Blackstone purchased 25,466 shares of the stock in a transaction dated Tuesday, December 26th. The stock was bought at an average cost of $28.61 per share, for a total transaction of $728,582.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jamie Welch purchased 8,654 shares of the stock in a transaction dated Wednesday, December 20th. The shares were bought at an average price of $27.50 per share, with a total value of $237,985.00. Following the completion of the acquisition, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $237,985. The disclosure for this purchase can be found here. Insiders have bought 838,701 shares of company stock valued at $24,581,185 over the last quarter.

Institutional investors have recently modified their holdings of the stock. Blackstone Group L.P. grew its stake in shares of Cheniere Energy Partners by 5,731.3% in the third quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after purchasing an additional 198,978,886 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in Cheniere Energy Partners by 45.0% during the third quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock valued at $759,000 after acquiring an additional 8,160 shares during the last quarter. Jane Street Group LLC boosted its position in Cheniere Energy Partners by 7.7% during the third quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock valued at $1,587,000 after acquiring an additional 3,953 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Cheniere Energy Partners during the third quarter valued at $331,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in Cheniere Energy Partners during the fourth quarter valued at $345,000.

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About Cheniere Energy Partners

Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.

The Fly

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